iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) Sees Large Decrease in Short Interest

iShares S&P Mid-Cap 400 Growth ETF (NYSEARCA:IJK) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 48,077 shares, a drop of 78.3% from the June 30th total of 221,087 shares. Based on an average daily trading volume, of 372,999 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares S&P Mid-Cap 400 Growth ETF Trading Down 0.1%

Shares of NYSEARCA:IJK opened at $113.18 on Friday. The firm has a market cap of $10.83 billion, a PE ratio of 22.45 and a beta of 1.05. The company has a fifty day simple moving average of $113.85 and a 200 day simple moving average of $107.85. iShares S&P Mid-Cap 400 Growth ETF has a 12-month low of $90.44 and a 12-month high of $117.60.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pacific Sun Financial Corp raised its stake in shares of iShares S&P Mid-Cap 400 Growth ETF by 1.5% in the 4th quarter. Pacific Sun Financial Corp now owns 6,762 shares of the company’s stock valued at $655,000 after purchasing an additional 100 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. grew its stake in iShares S&P Mid-Cap 400 Growth ETF by 1.8% in the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 6,179 shares of the company’s stock worth $599,000 after purchasing an additional 109 shares in the last quarter. Fisher Asset Management LLC raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 3,887 shares of the company’s stock valued at $377,000 after buying an additional 111 shares in the last quarter. Alliancebernstein L.P. raised its stake in iShares S&P Mid-Cap 400 Growth ETF by 0.5% during the third quarter. Alliancebernstein L.P. now owns 23,436 shares of the company’s stock valued at $2,247,000 after buying an additional 112 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in iShares S&P Mid-Cap 400 Growth ETF by 4.7% during the 4th quarter. Essex Financial Services Inc. now owns 2,854 shares of the company’s stock worth $277,000 after buying an additional 127 shares during the last quarter. 67.99% of the stock is owned by institutional investors and hedge funds.

iShares S&P Mid-Cap 400 Growth ETF Company Profile

iShares S&P Mid-Cap 400 Growth ETF, formerly iShares S&P MidCap 400 Growth Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Growth Index (the Index). The Index measures the performance of the mid-capitalization growth sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.